PURPOSE OF THE UNIT STANDARD

This unit standard will be useful to people who are actively involved in test and calibration laboratories to equip them with strategic, business and financial planning skills. Persons credited with this unit standard are able to

• Define, clarify and explain the concepts of strategic management, financial management and business planning.
• Generate a business plan for the successful establishment of a selected test/calibration laboratory.
• Evaluate the feasibility of the business plan for the successful establishment of a selected test/calibration laboratory